Square money began as being A p2p solution, but companies may also make use of the service utilizing money for Business. $Cashtags, while offered to everyone, are aimed at company users. The price to get re re payments as being company is 2.75% (up from 1.5per cent initially). If you prefer Square Cash for individual use, sign up for an independent company account (and make use of the private take into account individual payments so that you do not need to pay company charges).
If you wish to offer your prospects yet another solution to spend, Square Cash for company might do just fine. They are able to utilize their particular unit, or key in their card quantity on a tool you offer (assuming they trust you) to payment that is complete. No money, checks, or modification required.
Individual records are supervised for hefty or unusual task. Some clients report having their individual account transformed into a small business account if Square suspects you are performing company. Read more